Local Property Tax. Update on compliance

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Local Property Tax. Update on compliance

A Revenue update issued 2 August 2013 indicates that "to date, over 1.58 million LPT returns have been filed and over 175 million has been collected in Local Property Tax."

Over 50,000 reminder letters have been sent by Revenue to property owners who are in employment or have an occupational pension and have not met their Local Property Tax obligations.

If a person receives a reminder letter, they have 7 days from the date of the letter to comply and to prevent Revenue issuing instructions to their employer or pension provider to deduct the LPT estimate.

If a person has already filed a return or is not the owner of the property for which it has received the reminder letter they must contact Revenue. For more information see the revenue website http://www.revenue.ie/

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The material in this article is for general information purposes only and does not constitute legal or taxation advice. Specific legal and taxation advice should be sought before acting. All information and taxation rules are subject to change without notice.

No liability whatsoever is accepted by M. McLoughlin & Co. for any action taken in reliance on the information in this article

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